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MN SF30
Bill
Status
Introduced
1/16/2025
Primary Sponsor
Carla Nelson
Click for details
AI Summary
- Removes obsolete year-specific estate tax exclusion amounts from Minnesota law, consolidating the threshold at $3,000,000 for estates required to file returns
- Creates portability of the deceased spousal unused exclusion amount, allowing a surviving spouse to claim up to $3,000,000 of their deceased spouse's unused estate tax exclusion
- Personal representatives are deemed to have elected portability by filing an estate tax return unless they affirmatively opt out; the election is irrevocable
- Allows estates not required to file a return to voluntarily file one solely to preserve portability of the unused exclusion for the surviving spouse
- Portability provisions take effect for estates of decedents dying after June 30, 2025
Legislative Description
Obsolete provisions removal and portability provision of the estate tax exclusion
Last Action
Author added Rasmusson
3/2/2026
Committee Referrals
Taxes1/16/2025
Full Bill Text
No bill text available